CDB to promote resilient recovery, climate action for Caribbean at COP23
Posted in: Regional News | 13 November 2017 | 458
November 13, 2017, BONN, Germany – A delegation from the Caribbean Development Bank (CDB) has arrived at the United Nations Climate Change Conference (COP23) in Bonn, Germany. While at the event, which runs until November 17, the Bank will join other regional stakeholders in reiterating the urgent need for climate action and resilient recovery in the Caribbean. Against the backdrop of this year’s devastating hurricane season, CDB will also underscore its commitment to mobilising highly concessionary resources for regional countries to tackle the impacts of climate change.
“We are pleased to add our voice to the global conversation on climate action, given the vulnerability of the low-lying and coastal states in the Caribbean Region. At COP23, our priority is to continue to draw attention to the very real challenges our small states are facing as a result of climate change; to strengthen partnerships to combat those challenges; and to further engage stakeholders as our Region seeks to ‘build back better’,” said Dr. Wm. Warren Smith, President of CDB.
While in Bonn, the Bank will sign a US$24M agreement with the European Investment Bank for post-disaster reconstruction. It is an addition to the US$120M Climate Action Framework Loan II signed in May this year.
The Caribbean Development Bank (CDB), is a regional financial institution which was established by an Agreement signed on October 18, 1969, in Kingston, Jamaica, and entered into force on January 26, 1970. The Bank came into existence for the purpose of contributing to the harmonious economic growth and development of the member countries in the Caribbean and promoting economic cooperation and integration among them, having special and urgent regard to the needs of the less developed members of the region (Article 1 of the Agreement establishing CDB). In the Revised Treaty of Chaguaramas, the CDB is recognised as and Associate Institution of CARICOM
The President will speak at a session titled, Confronting the 1.5 Degree Challenge and Accelerating NDC Implementation in the Caribbean at which technical experts will present scientific evidence on the implications for the Region if global warming reaches or exceeds 1.5 degrees Celsius.
In addition, Smith is scheduled to deliver remarks at the following high-level events:
- How SIDS are planning for and implementing mitigation actions to achieve NDC targets, hosted by the Global Green Growth Institute (GGGI) and the Government of the Republic of Fiji;
- COP Presidency Event, Towards a Resilient Future: Frontiers of Risk Sharing, convened by the Prime Minister of the Republic of Fiji and President-designate of COP23, Hon. Frank Bainimarama in cooperation with the Minister for Economic Cooperation and Development, Germany, Dr. Gerd Müller; and
- Champions for Climate Action: The NDC Partnership, hosted by the Partnership and its co-chairs, the Governments of the Federal Republic of Germany and the Kingdom of Morocco.
During his visit to Bonn, Smith is scheduled to hold meetings with officials from the Government of Germany to discuss Germany-CDB relations as well as opportunities for increased collaboration and partnership.
The Bank’s delegation at COP23 is being led by the President and includes Johanna Brueggemann, Director for Germany to CDB; Dorla Humes, Advisor to the President; Cheryl Dixon, Coordinator, Environmental Sustainability Unit; and Valerie Isaac, Operations Officer (Environment).
COP23 is being presided over by Frank Bainimarama, the Prime Minister of Fiji and the first small island developing state to hold this role. The Conference takes place two years after the landmark adoption of the Paris Climate Change Agreement, and will further build momentum among cities, states, regions, territories, business and civil society in support of national climate action plans, the internationally agreed temperature goal and the wider objectives of the 2030 Agenda for Sustainable Development. (Caribbean Development Bank Press Release)
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